Vendor Management: Identify and evaluate potential suppliers and service providers. Establish and maintain strong relationships with key vendors to ensure reliable supply chains and quality services.
Sourcing & Negotiation: Source new products and services, negotiate terms, conditions, and pricing to achieve cost savings and quality enhancements. Ensure contracts comply with company policies and legal requirements.
Purchase Orders: Prepare and process purchase orders accurately and efficiently. Track and manage orders to ensure timely delivery and resolve any issues that may arise.
Inventory Management: Monitor inventory levels to ensure adequate stock without overstocking. Coordinate with warehouse and retail teams to manage stock rotations and minimize obsolescence.
Market Research: Conduct market research to stay informed about industry trends, pricing dynamics, and emerging suppliers. Provide insights and recommendations to support strategic procurement decisions.
Cost Analysis: Analyze procurement costs and develop strategies to reduce expenses while maintaining product and service quality.
Reporting: Generate and present regular reports on procurement activities, cost savings, supplier performance, and market trends to senior management.
